TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PROPOSED ACQUISITION OF PROPERTY SITUATED AT PASIR GUDANG, NEGERI JOHOR DARUL TAKZIM
|AXIS REAL ESTATE INVESTMENT TRUST|
|Subject||TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
PROPOSED ACQUISITION OF PROPERTY SITUATED AT PASIR GUDANG, NEGERI JOHOR DARUL TAKZIM
The Board of Directors of Axis REIT Managers Berhad, the management company of Axis Real Estate Investment Trust (“Axis-REIT”), wishes to announce that RHB Trustees Berhad, the trustee for Axis-REIT, has entered into a sale and purchase agreement on behalf of Axis-REIT, in relation to the proposed acquisition of a parcel of industrial land erected with a single storey warehouse building and other ancillary buildings within Kawasan Perindustrian Pasir Gudang, Pasir Gudang, held under leasehold Title No. HSD 520180 for PTD 216340 in Mukim Plentong, Daerah Johor Bahru, Negeri Johor Darul Takzim from Orientant Int. Sdn. Bhd. (Co. No. 883729-T) for a total lump sum cash consideration of RM33.0 Million (“Proposed Acquisition of the Property”).
The details of the Proposed Acquisition of the Property are contained in the attachment below.
This announcement is dated 23 May 2016.
Please refer attachment below.
|Company Name||AXIS REAL ESTATE INVESTMENT TRUST|
|Date Announced||23 May 2016|
|Category||General Announcement for PLC|